Elite Material (Taiwan) Market Value
| 2383 Stock | TWD 633.00 57.00 9.90% |
| Symbol | Elite |
Elite Material 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Elite Material's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Elite Material.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Elite Material on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Elite Material Co or generate 0.0% return on investment in Elite Material over 30 days. Elite Material is related to or competes with Compeq Manufacturing, ITEQ Corp, Unimicron Technology, Chicony Electronics, and Chroma ATE. Elite Material Co., Ltd. produces and sells laminate materials in Taiwan, Mainland China, and Korea More
Elite Material Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Elite Material's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Elite Material Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1875 | |||
| Maximum Drawdown | 17.51 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 5.49 |
Elite Material Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elite Material's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elite Material's standard deviation. In reality, there are many statistical measures that can use Elite Material historical prices to predict the future Elite Material's volatility.| Risk Adjusted Performance | 0.1464 | |||
| Jensen Alpha | 0.5662 | |||
| Total Risk Alpha | 0.5929 | |||
| Sortino Ratio | 0.2056 | |||
| Treynor Ratio | 29.48 |
Elite Material Backtested Returns
Elite Material appears to be very steady, given 3 months investment horizon. Elite Material secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19 % return per unit of risk over the last 3 months. By reviewing Elite Material's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Elite Material's Mean Deviation of 2.27, coefficient of variation of 530.08, and Downside Deviation of 2.78 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elite Material holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0192, which means not very significant fluctuations relative to the market. As returns on the market increase, Elite Material's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elite Material is expected to be smaller as well. Please check Elite Material's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Elite Material's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Elite Material Co has poor predictability. Overlapping area represents the amount of predictability between Elite Material time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elite Material price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Elite Material price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 36.86 |
Elite Material lagged returns against current returns
Autocorrelation, which is Elite Material stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Elite Material's stock expected returns. We can calculate the autocorrelation of Elite Material returns to help us make a trade decision. For example, suppose you find that Elite Material has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Elite Material regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Elite Material stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elite Material stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elite Material stock over time.
Current vs Lagged Prices |
| Timeline |
Elite Material Lagged Returns
When evaluating Elite Material's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elite Material stock have on its future price. Elite Material autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Elite Material autocorrelation shows the relationship between Elite Material stock current value and its past values and can show if there is a momentum factor associated with investing in Elite Material Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Elite Stock Analysis
When running Elite Material's price analysis, check to measure Elite Material's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.